📉 U.S. stocks plunged the most since August in a dramatic day across markets. Havens including Treasuries and gold jumped: https://bloom.bg/2SRPaPk

💰 The U.S. will sign military deals worth more than $3 billion with India: https://bloom.bg/39ZoXUB

📝 A raft of new coronavirus cases in numerous countries outside China has ignited fresh concern about the ability of the illness to spread and its potential economic impact. Here’s what market players are saying about the latest developments: https://bloom.bg/2HT9BoS

⬇ A sell-off that wiped out global stock gains for the year eased in Asia on Tuesday as authorities around the world move to keep the coronavirus from spreading. https://bloom.bg/2TgfVMc

🌏 Meanwhile, the number of virus cases worldwide has topped 80,000. Follow the latest developments here: https://bloom.bg/2HUgdmF

💻 In other news, IT workers looking for a big pay package should head to Seattle. Tech workers in the city average $5,367 per week, or about $279,000 a year — that's 56% more than financial workers in New York City. https://bloom.bg/2v3UbLJ

Hosni Mubarak, Egypt's former president who was ousted during the Arab Spring, has died. https://bloom.bg/2TeV2B5

A hotel on the Canary Island of Tenerife was placed in quarantine after an Italian doctor staying there tested positive for the coronavirus, with 1,000 tourists unable to leave the holiday complex. https://bloom.bg/2Vj46aG

A private bank that survived the Nazis may be undone by a German tax scandal. https://bloom.bg/2PnU8RU

🚫 Global trade had a rough 2019: https://bloom.bg/3954D4o

🏠 Home prices in 20 U.S. cities advanced in December by the most in nearly a year: https://bloom.bg/2vff7PO

🇺🇸 Donald Trump said he doesn’t want help from any country to win re-election and accused House Intelligence Chairman Adam Schiff of leaking news that U.S. authorities believe Russia is trying to help Bernie Sanders: https://bloom.bg/3a3aY01

🇺🇸 U.S. health officials have warned Americans to prepare for a potential coronavirus outbreak at home, while the number of South Korean cases topped 1,000, from only 51 a week ago. Here's the latest on how the virus is spreading across the globe. https://bloom.bg/2wawEbR

☀ Singapore is planning for a much hotter world and will spend S$100 billion to hold back sea levels that would drown some of the world’s biggest cities https://bloom.bg/2v7U165

✈ Lie-flat seats ... in economy? It’s possible, says Air New Zealand, which announced a plan to pilot bunk beds on flights between New York and Auckland. https://bloom.bg/2w78jng

🚨 Europe is on high alert, with more coronavirus cases reported in Italy and France. https://bloom.bg/391ChYD

📈 Markets are overreacting to the threat of the rapidly spreading virus and the global economy will only see a short-term impact, according to the CEO of Allianz. https://bloom.bg/391b1Jz

🌏 Millions of people in India could end up in Modi's new detention camps if they don't meet new citizenship rules. https://bloom.bg/2Pqf6zf

📈 Donald Trump and federal health officials plan to brief Americans on efforts to prevent the spread of the coronavirus. U.S. stocks opened higher: https://bloom.bg/2va9qmm

😷 The Tokyo 2020 Olympics are less than five months away. Even as organizers insist the games aren’t at risk, the rapid spread of coronavirus cases in Japan is already casting a chill over the event: https://bloom.bg/3cc81wf

🎢 Bob Chapek, who rose to become head of Disney’s resorts business, is now taking charge of the entire $70 billion-a-year empire as the new CEO: https://bloom.bg/3capc1em

🚨 Breaking: The U.S. has confirmed the first coronavirus case without ties to a known outbreak, a worrying sign that the illness is already circulating in the country. https://bloom.bg/3cbIDXc

🇺🇸 Donald Trump assured Americans that they face little risk from the outbreak. U.S. equity futures and Asian shares fell after the president’s comments. https://bloom.bg/2VoffXM

🌏 Meanwhile, the world’s most China-reliant economy is reeling from the shockwaves caused by the outbreak. https://bloom.bg/2I08Bz6

🇯🇵 Japanese Prime Minister Shinzo Abe called for all schools in the country to close from Monday until the end of their spring holidays as part of measures to combat the spread of coronavirus. https://bloom.bg/32CjxMT

🇬🇧 Boris Johnson told the EU he'll walk away from the negotiating table in June if it's not clear he's going to get a Canada-style free trade agreement for the U.K. https://bloom.bg/2wTuden

🇪🇸 Why Spain can't shake one of the world's highest unemployment rates. https://bloom.bg/2T16wt0

📉 The worldwide stock sell-off is gathering speed. The S&P 500 and Dow are down by 10% from their all-time highs: https://bloom.bg/2wSs9mR

⬇ Underlying demand in the U.S. economy was slower than initially reported at the end of last year. Consumer spending was revised down to a 1.7% increase from 1.8% increase: https://bloom.bg/2wSs9mR

😷 Microsoft became the latest tech giant to reduce its quarterly outlook based on the outbreak of the coronavirus: https://bloom.bg/2TnAjej

🔻 Stocks are tumbling in Asia after worries about the coronavirus triggered the biggest drop for U.S. equities since 2011. Follow the latest on markets here: https://bloom.bg/3cckhg1

📉 The further plunge in U.S. shares means we've just witnessed the fastest stock market correction on record: 6 days. https://bloom.bg/32x0GTz

🐕 Meanwhile, the pet dog of a coronavirus patient in Hong Kong has been found to have a “low level” of the virus. Officials will carry out tests to confirm whether the dog has really been infected, or if it was a result of environmental contamination of its mouth and nose. https://bloom.bg/2vqYAsb

😷 Fear over coronavirus tightened its grip on global markets, with stocks across Europe and Asia plunging and equity futures pointing to yet more pain at the New York open. https://bloom.bg/3cj0z28

Switzerland canceled large events and Germany quarantined about 1,000 people as Europe stepped up measures to contain the spread of the virus. https://bloom.bg/2uDnSTz

🌍 Meanwhile, Nigeria's government confirmed the first coronavirus case in sub-Saharan Africa. https://bloom.bg/2PypR2K

🚉 Acting White House Chief of Staff Mick Mulvaney acknowledges that the coronavirus is likely to cause disruptions to everyday life, such as school closures and changes to public transportation: https://bloom.bg/3abSj2g

📉 U.S. stocks plunge for the seventh straight day: https://bloom.bg/2VvF20v

⚡ Here’s where investors are finding refuge in the market storm: https://bloom.bg/2VrYUS5

In the weeks before his shock resignation as prime minister threw Malaysia into turmoil, Mahathir Mohamad was getting agitated.

He wanted quicker action on a key part of his “New Malaysia” agenda, but his proposals only spurred more infighting — including a conflict that led to a scrapped $7 billion deal and eventually helped bring down the coalition.

But Mahathir, who is 94, hasn’t given up. This account of what led to his resignation is based on conversations with multiple officials: https://bloom.bg/38dpLE4

The coronavirus is pushing the global economy toward its first contraction since 2009, according to the OECD. https://bloom.bg/2wmKA2y

India's health ministry reported two more cases of the virus, in New Delhi and the southern state of Telangana. https://bloom.bg/32GcxP6

Turkey deployed swarms of killer drones to strike Russian-backed Syrian government forces. https://bloom.bg/2uKlMkK

🇺🇸 The U.S. Supreme Court agreed to hear a Democratic appeal that seeks to reaffirm the Affordable Care Act’s constitutionality: https://bloom.bg/2vnXUUB

💡 Jack Welch, who built General Electric into one of the world’s largest companies, has died. He was 84: https://bloom.bg/2TfbzGn

😷 Teams from the U.S. Centers for Disease Control and Prevention are racing to catch up to spread of the coronavirus: https://bloom.bg/39h9XS3

Hello 👋 Here’s what we’re reading today:

✈️ Private jets. Escaping to Italy (yes, Italy). Lots of hand-washing. Here’s how the wealthy are preparing for the U.S. coronavirus outbreak: https://bloom.bg/2Tx7hsP

🇨🇳 One of China’s most ambitious projects is becoming a corridor to nowhere. A planned $62 billion initiative in Pakistan has been plagued by delays and a lack of funding — more signs of trouble for Xi Jinping’s signature policy. https://bloom.bg/2Tjwlop

🐦 And Twitter is “strongly encouraging” its almost 5,000 employees around the world to work from home due to coronavirus concerns. It’s mandatory for employees in Hong Kong, Japan and South Korea, but other offices will remain open for those who want or need to come in. https://bloom.bg/2PHKaL2

Group of Seven finance chiefs are holding a rare conference to discuss ways to shield the world economy from the coronavirus. https://bloom.bg/2PFNjLC

Europe's richest man, Bernard Arnault, is among a pack of potential bidders vying for London's Ritz Hotel. https://bloom.bg/3aqulAe

BMW will roll out the electric i4 sedan next year to take on Tesla's Model 3. https://bloom.bg/2vq4VEn

⬇ The U.S. Federal Reserve delivered an emergency interest rate cut in a bid to protect markets from the spreading coronavirus: https://bloom.bg/38kvJ6e

📝 Here’s a brief history of when U.S. Fed officials have delivered an inter-meeting shift to monetary policy: https://bloom.bg/32KalpI

📈 U.S. stocks swung wildly as investors assessed whether an emergency Fed rate cut will do enough to effectively combat the economic impact of the coronavirus: https://bloom.bg/2VEfM86

🇺🇸 Joe Biden is sweeping up significant victories on Super Tuesday, vaulting his candidacy into a dead heat with Bernie Sanders, the presumed front-runner for the Democratic nomination for U.S. president. Biden spent a year limping through the campaign — but everything's changed for him in the span of 72 hours. https://bloom.bg/2Ii5gLX

📈 U.S. index futures rose, retracing about half of the previous day’s tumble. https://bloom.bg/2IgjxJh

👀 Follow along for live results and analysis, along with how the process of becoming the Democratic nominee actually works: https://bloom.bg/39lWJU1